What is PACE?
The Partnership for ASEAN Connectivity on Energy is a coordination platform that brings together partners supporting the ASEAN Power Grid. It provides a forum for sharing information, discussing common challenges, and aligning financing support behind priority projects.
PACE formalizes existing partnerships and facilitates structured information sharing among development partners and funders to accelerate the realization of the ASEAN Power Grid vision.
PACE Objectives
Alignment of Support
Consider project updates and support requests to encourage alignment of financing behind priority ASEAN Power Grid projects.
Progress Updates
Share updates on existing work and new financing solutions that can support utilities and project sponsors.
Issue Identification
Identify and discuss project-level issues of common interest and promote political support for solutions.
Who Can Join PACE?
PACE welcomes a diverse range of partners committed to supporting the ASEAN Power Grid:
Multilateral Development Banks and Development Finance Institutions
Multilateral development banks and bilateral development finance institutions providing financing and technical support.
Private Sector Institutions
Commercial banks, investors, and project developers interested in ASEAN Power Grid investment opportunities.
Public Sector Institutions
Government agencies and utilities involved in power sector development and cross-border cooperation.
Knowledge and Development Support Partners
Bilateral development agencies, research organizations, NGOs, and philanthropies providing technical assistance and capacity building.
Partner Commitments
PACE partners commit to:
- Sharing information about their work on ASEAN Power Grid-related projects and activities (within appropriate confidentiality limits)
- Openness to exploring partnerships and co-financing opportunities across stages of project development
- Participating in PACE forums and contributing to reporting to ASEAN
Stages of Project Support
PACE partners contribute financing and technical support across the full project lifecycle:
Project Identification
Initial screening and prioritization of potential projects
Early Preparation
Pre-feasibility studies and initial technical assessments
Advanced Preparation
Full feasibility studies, detailed design, and environmental assessments
Structuring & Financing
Financial structuring, negotiations, and reaching financial close
Financing Solutions
PACE partners provide a range of financing instruments to support ASEAN Power Grid projects:
- Technical assistance grants for project identification and preparation
- Investment grants as part of project financing packages
- Public and private sector loans for project structuring and capital expenditure
- Equity and quasi-equity financing for project development
- Guarantee facilities and other de-risking instruments